Bank Loan Privacy Act

# Bank Loan Privacy Act (HR 2885) Summary **What the bill would do:** The Bank Loan Privacy Act would restrict the circumstances under which banks must share customer loan information with government agencies. Currently, banks can be required to disclose details about customer loans during regulatory examinations and investigations. This bill would limit those disclosures, presumably to protect customer privacy and reduce government access to banking records. **Who it affects:** The bill would primarily affect banks and their customers. Banks would face fewer requirements to turn over loan information to federal regulators and law enforcement, while customers might see increased privacy protections regarding their loan details. Government agencies that rely on this information for investigations and oversight would also be impacted. **Current status:** As of now, HR 2885 is in committee and has not advanced to a floor vote.

The bill was introduced by Rep. John W. Rose (R-TN) in the 119th Congress. No additional details about specific provisions are currently available in public records. *Note: For more detailed information about this bill's specific provisions and any recent updates, you can visit Congress.gov.*.